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Jerusalem Life

| Fiverr raises at least $120m in secondary offering

Janglo News    
Monday, 01 June 11:55 AM

Israeli freelance services platform Fiverr International (NYSE: FVRR) has raised at least $120 million in its secondary offering on the NYSE. The company priced its shares at $60 per share and is issuing two million new shares. The net raise after underwriters' fees will be $133 million.

The underwriters have a 30-day option to buy an additional 300,000 shares, and if they take this up then the offering will raise an additional $18 million, bringing the total funds raised to over $130 million. The underwriters are JP Morgan, Bank of America, Citi, JMP, UBS, Needham, and Oppenheimer.

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